Is SSR Mining Inc (NASDAQ: SSRM) Proving The Doubters Wrong?

SSR Mining Inc (SSRM) concluded trading on Wednesday at a closing price of $10.52, with 6.13 million shares of worth about $64.49 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 103.48% during that period and on February 19, 2025 the price saw a gain of about 12.75%. Currently the company’s common shares owned by public are about 202.37M shares, out of which, 199.50M shares are available for trading.

Stock saw a price change of 15.86% in past 5 days and over the past one month there was a price change of 38.06%. Year-to-date (YTD), SSRM shares are showing a performance of 51.15% which increased to 117.81% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.90 but also hit the highest price of $9.60 during that period. The average intraday trading volume for SSR Mining Inc shares is 2.57 million. The stock is currently trading 22.13% above its 20-day simple moving average (SMA20), while that difference is up 35.35% for SMA50 and it goes to 75.56% higher than SMA200.

SSR Mining Inc (NASDAQ: SSRM) currently have 202.37M outstanding shares and institutions hold larger chunk of about 66.62% of that.

The stock has a current market capitalization of $2.13B and its 3Y-monthly beta is at 0.58. It has posted earnings per share of -$1.29 in the same period. It has Quick Ratio of 2.58 while making debt-to-equity ratio of 0.11. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SSRM, volatility over the week remained 6.33% while standing at 4.69% over the month.

Stock’s fiscal year EPS is expected to rise by 324.74% while it is estimated to increase by 46.13% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by RBC Capital Mkts on February 05, 2025 offering a Sector perform rating for the stock and assigned a target price range of between $5.50 and $8 to it. Coverage by UBS stated SSR Mining Inc (SSRM) stock as a Neutral in their note to investors on February 22, 2024, suggesting a price target of $5 for the stock. On February 20, 2024, RBC Capital Mkts Downgrade their recommendations, while on February 15, 2024, RBC Capital Mkts Downgrade their ratings for the stock with a price target of $6. Stock get a Hold rating from TD Securities on February 14, 2024.

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